Big nations across the globe are still skeptical about adopting cryptocurrencies in their market. Conversely, a small state such as the Republic of Belarus has surprised the world with its big move in crypto-sector. Belarus Launches World’s First Trading Platform For Tokenized Securities.
Currency.com launched the platform, which is known to be the world’s first regulated tokenized securities platform and a next-generation blockchain technology company regulated in Belarus. It operates under legislation developed from scratch by Belarus for cryptocurrencies, smart contracts, ICOs, and tokenized securities which includes top-notch AML and KYC laws.
Ivan Gowan, CEO of Currency.com, said:
“We are excited to be launching this revolutionary blockchain venture. We will be providing crypto investors with a concrete option to diversify their portfolio by investing in traditional asset classes. Currency.com is committed to providing users with superior security and fraud protection. This, in turn, prevents any potential risks by leveraging the full traceability of blockchain transactions and adhering to the strictest regulatory standards set by Belarus’ Decree No. 8 ‘On the Development of a Digital Economy.”
Currency.com issues 10,000 tokenized securities and will be available for all types of investors not only in Belarus but globally. Each token will correspond to the base market value of shares, commodities, indices, and other traditional financial instruments.
Users will be able to buy these tokens on Currency.com directly using Bitcoin (BTC) or Ethereum (ETH). It will have the ability to trade them on margin.
Now users can subscribe to the waitlist and through invitational codes, new customers will be registered.
Another feature of Currency.com is providing information about shares of all major companies such as Microsoft, Twitter, Tesla, Ford, HP, JP Morgan Chase, and American Express.
The press release said the Currency.com iOS and Android apps will be available for beta testing starting from February 2019.
VP Capital и Larnabel Ventures invested in the project. The High Technology Park of Belarus under Decree No. 8 ‘On the Development of a Digital Economy’ licensed, authorized and regulated Currency.com. It implements one of the best Anti-Money Laundering (AML) and Know Your Customer (KYC) laws. It also implements strict data and customer protection rules to the same level as the General Data Protection Regulations (GDPR).
Viktor Prokopenya, Founder and CEO of VP Capital, said:
“Currency.com will disrupt and revolutionize financial technology on a large scale. Access to global financial markets has historically been available through one primary medium – the stock exchange – but Currency.com leverages groundbreaking cryptocurrency technology to create an opportunity for investors who might not have access to traditional stock markets otherwise. Due to progressive Decree No. 8 ‘On the Development of a Digital Economy’ that was passed in Belarus, this was made possible. Belarus has become one of the most forward-looking countries when it comes to blockchain technologies and the first country in the world to create a dedicated legislative framework tailored to cryptocurrencies and their industry.”
Besides serving as a crypto exchange, Currency.com will offer services associated Initial Coin Offering (ICO) and Tokenised Securities Offering (TSO) issuing for projects approved by the company’s advisory board.